Here is how to make mass transit in the US financially sustainable

The words “transit” and “crisis” have been associated in the American lexicon for nearly 60 years. It is time to recognize this as a chronic condition rather than a temporary event. Current strategies have not placed transit on a financially sustainable path.

From the mid-19th century through the mid-20th, transit was privately operated, usually running on public rights-of-way (which companies often were obligated to maintain), charging a government-regulated fare. This model was hugely profitable for decades, until it wasn’t.
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The causes for transit’s decline are many, but rising incomes, suburbanization, and of course a much faster competitor in the automobile and highway system are among them. At that point, which ran from the 1930s to the 1960s depending on where you were in the United States, the private sector abandoned transit and the public sector took over.
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Over the past half century, US transit under public ownership has seen an enormous and growing per passenger subsidy. The debate over the merits of subsidy has become partisan.
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